Nash Says WWE Royalties Down After Fanatics and TKO Merger

WWE Hall of Famer Kevin Nash said on his podcast this week that his recent royalty payment from the company was dramatically smaller than previous checks and lacked the itemized breakdown he once received, and he placed the change in accounting at the feet of corporate moves involving Fanatics and TKO. Nash said he and fellow Hall of Famer Sean Waltman compared recent statements and found the latest payouts roughly half the size of the prior ones, prompting him to consider forensic accounting and potential legal action.

Nash described a shift in how royalties are reported. He said earlier statements listed specific products, such as individual nWo shirts and women's lines, but that contemporary statements now list a consolidated line reading "nWo intellectual property" with a single number and no subcategories. He tied the change to Fanatics taking over merchandise operations and WWE’s September 2023 merger with Endeavor to form TKO Group Holdings, saying "things got weird after Fanatics came in" and "it got weird when they sold to TKO." Nash said the lack of transparency has left him and other former talent uncertain about how revenue from legacy brands is being allocated.